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Dollar General 18275 AL Highway 35 9,100 SF Retail Building Scottsboro, AL 35768 $1,238,336 ($136.08/SF) 7.15% Cap Rate
Investment Highlights
- The Property is located less than an hour from Huntsville, which is the most populous city in Alabama.
- This Dollar General is centrally located between Huntsville, Birmingham, Chattanooga and Atlanta, Georgia.
- The property operates under an absolute triple-net with zero landlord responsibilities.
- This Dollar General sits on 2.78 acres.
Executive Summary
The Klink Group of Marcus & Millichap is pleased to present for sale a Dollar General located in Scottsboro, Alabama. The property has 9+ years remaining on the base lease term, with five, five-year option periods remaining each of which have 10% rental increases. The property operates under an absolute triple-net lease with no landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,100 SF
Building Class
C
Year Built
2019
Price
$1,238,336
Price Per SF
$136.08
Cap Rate
7.15%
NOI
$88,541
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.14 AC
Zoning
C-1 - Commercial Retail
Parking
38 Spaces (4.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 26-05-21-0-000-032.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $188,480 |
Property Taxes
Parcel Number
26-05-21-0-000-032.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$188,480
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Dollar General | 18275 AL Highway 35
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